Dechert Advises Mount Logan on Proposed AFA Asset Based Lending Fund Transaction

Dechert advised Mount Logan Capital Inc. in connection with a definitive agreement under which Mount Logan Management LLC, Mount Logan's wholly owned registered investment adviser, will succeed Alternative Fund Advisors, LLC as investment adviser to the AFA Asset Based Lending Fund.

Following closing, the fund is expected to be renamed the Mount Logan Asset Based Lending Fund, and is expected to add approximately US$230 million of interval fund assets to Mount Logan-advised vehicles. The transaction is anticipated to expand Mount Logan's evergreen credit platform, bringing its combined interval fund assets under management to approximately US$460 million. It is expected to close in the first quarter of 2027, subject to shareholder and regulatory approvals.

Mount Logan Capital Inc. is an integrated alternative asset management and insurance solutions firm focused on generating durable, fee-based revenue and long-term value creation.

The Dechert team advising Mount Logan was led by corporate partners Ken Young, Daniel Mozes and Alexander Karampatsos, with support from associate Matthew Andonian and tax partner Joshua Milgrim.

About Dechert

Dechert is the law firm that helps business leaders lead.

For more than 150 years, we have advised clients on critical issues - from high-stakes litigation to first-in-market transaction structures and complex regulatory matters. Our lawyers in commercial centers worldwide are immersed in the key sectors we serve - financial services, private capital, real estate, life sciences and technology.

Dechert delivers unwavering partnership so our clients can achieve unprecedented results.